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Last month it was revealed the developer had pulled out of that deal causing huge relief for those involved in the campaign.

The concern was that if flats were built, residents would be affected by loud music and complain which could result in licences being revoked if any complaints were upheld - despite the venues being long established.

Campaigners called on the council and Welsh Government to offer protection to music venues.

Now the council has announced it will buy the derelict site and it could see Clwb Ifor Bach go on to expand their venue.

The cost of the land is confidential.

Clwb Ifor Bach on Cardiff's Womanby St

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Council leader Huw Thomas said: “By intervening in this way, we are protecting what is the beating, pulsing heart of music in our city centre. Womanby St is host to several live venues which create an atmosphere and district unlike any other in the capital.

“Some of the world’s greatest bands and musicians, on their way to the top of the music business, will have performed in these venues at some point over the past 30 years and thousands of music fans will have unforgettable memories of their times in these clubs.”

His cabinet colleague Peter Bradbury said that the council is also looking at a new music strategy for the city.

They are working with advisors Sound Diplomacy to create a new plan for growing the live music scene in Cardiff.

Councillor Bradbury said: “Sound Diplomacy have done some excellent work across the globe. They seem excited about working in Cardiff, and I am looking forward to confirming their involvement in the next few weeks.”